迈向可持续发展的未来:绿色债券全面回顾

IF 3.6 Q1 BUSINESS, FINANCE
Rotana S. Alkadi
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引用次数: 0

摘要

目的 绿色债券(GS)是一种新兴的金融工具,近年来由于伊斯兰金融、社会责任投资(SRI)和可持续发展议程受到越来越多的关注,其发展势头日益强劲。然而,对担保债券的研究零碎、分散,缺乏全面的回顾。作为对学术界这一空白的回应,本文旨在将有关 GS 的知识归纳为主题集群,从而提供对该主题更全面的理解,并为未来研究提供指导。在样本选择过程中使用了 PRISMA 2020 协议。研究结果表明,以往的研究主要集中在 GS 的优势、驱动力、市场发展和潜在行业领域,以及改善市场的挑战和建议。然而,研究发现,其他一些方面,包括 GS 的定价、性能和购买意向,也需要进一步研究关注。分析还表明,理论在 GS 方面的应用有限,在所研究的 62 篇文章中,只有 4 篇采用了 5 种理论。此外,本文的研究结果还显示,采用定量和实证分析方法的研究仅限于四篇文章。从地域上看,大多数研究都是在印度尼西亚和马来西亚进行的,而其他具有高潜力市场的国家(如海湾合作委员会)的一般事务实践和研究都很有限。对投资者而言,对 GS 的回顾将使他们对 GS 市场有更深入的了解,帮助他们做出更好的投资决策。对政策制定者而言,本文通过强调文献中确定的关键建议,使他们掌握了就一般商品市场做出明智决策的知识。原创性/价值虽然绿色债券受到了广泛关注,但有关 GS 的研究却十分匮乏,现有的研究也很零散。有必要进行系统的文献综述,以确定未来研究的知识缺口。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Towards a sustainable future: a comprehensive review of Green Sukuk

Purpose

Green sukuk (GS) is an emerging financial tool that has gained momentum in recent years owing to increased attention being given to Islamic finance, socially responsible investing (SRI) and sustainability agendas. Yet, GS studies are fragmented, dispersed and lack comprehensive reviews. As a response to this gap in academia, this paper aims to synthesize the knowledge on GS into thematic clusters, providing a more comprehensive understanding of the subject and offering guidelines for future research.

Design/methodology/approach

This study implemented a systematic literature review approach to analyse studies on GS that were published prior to and including June 2023. The PRISMA 2020 protocol was used in the sample selection process. A total of 62 peer-reviewed journal articles from six databases were identified and categorized into various themes.

Findings

The results suggest that previous research has predominantly focused on the areas of GS advantages, drivers, market development and potential sectors, along with challenges and recommendations to improve the market. However, it was found that some other aspects, including GS pricing, performance and purchasing intention, require further research attention. The analysis also indicated that the use of theories in the GS context was limited, with only five theories employed in just four out of the 62 articles examined. Moreover, this paper’s findings revealed that the studies employing quantitative and empirical analysis methods were limited to four articles. Geographically, most of the studies were conducted in Indonesia and Malaysia, while other countries with high-potential markets (e.g. GCC) had limited GS practices and studies.

Practical implications

The results of this study have several practical implications. For investors, a review of GS will provide greater insight into the understanding of the GS market, helping them make better investment decisions. For policymakers, this paper empowers them with the knowledge to make informed decisions regarding GS markets by highlighting key recommendations identified in the literature. Finally, the proposed guidelines can be used in future research.

Originality/value

While Green Bonds have received significant attention, there is a dearth of research on GS and those that exist are fragmented. A systematic literature review is necessary to identify knowledge gaps for future research.

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CiteScore
4.30
自引率
0.00%
发文量
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